Ashford Trust reported a Q4 net loss attributable to common stockholders of USD 78.3 million, or USD 12.33 per diluted share, and Adjusted EBITDAre of USD 40.4 million. Comparable RevPAR decreased 1.8% to USD 123, reflecting a 2.6% decline in Comparable ADR and a 0.8% increase in Comparable Occupancy. Comparable Hotel EBITDA was USD 62.7 million, while AFFO was negative at USD 2.45 per diluted share. Ashford Trust ended Q4 with cash and cash equivalents of USD 66.8 million, restricted cash of USD 149.6 million, and USD 25.7 million due from third-party hotel managers; net working capital was USD 103.2 million and Q4 CapEx was USD 25.7 million. For FY 2025, net loss attributable to common stockholders was USD 215.0 million, or USD 35.99 per diluted share, with Adjusted EBITDAre of USD 221.3 million and AFFO negative at USD 5.66 per diluted share. Comparable RevPAR decreased 0.7% to USD 132 (Comparable ADR down 1.5%; Comparable Occupancy up 0.8%), and FY CapEx was USD 71.2 million. During the quarter, Ashford Trust’s board formed a special committee to evaluate strategic alternatives, including a potential transaction, terminated the offering of its Series L and M non-traded preferred stock, and suspended redemptions for all outstanding non-traded preferred stock. The company signed definitive agreements to sell Le Pavillon, Embassy Suites Austin Arboretum, and Embassy Suites Houston Near the Galleria, with expected aggregate gross proceeds of about USD 69.5 million, and said it expects more than USD 2 million in annual cash flow improvement and USD 14.5 million in future capital expenditure savings following the sales. Subsequent to quarter-end, it extended its Highland mortgage loan secured by 18 hotels and paid it down by USD 10.0 million to USD 723.6 million, with a final maturity of July 9, 2026. As of Dec. 31, 2025, total loans were USD 2.6 billion at a blended average interest rate of 7.7%, with about 95% floating-rate debt; no common dividend was paid for Q4.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ashford Hospitality Trust Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001232582-26-000034), on February 25, 2026, and is solely responsible for the information contained therein.